During the midday period, the bearish strength has somewhat eased. After a brief dip to the 106900 line, it has stabilized and is currently rebounding back to around 108000. However, the overall range of fluctuations has slightly shifted downward compared to the morning session, limiting the space for chasing highs. It is not recommended to be aggressive in operations; a long-term hold is advised. As for Ethereum, after a quick drop to around 2700 during midday, it rapidly rebounded and is now running above 2730. The 2700 line has formed a more obvious support zone, showing signs of a top-bottom conversion and stabilization. Overall, there remains a possibility for continued upward movement.
From the four-hour cycle perspective, the K-line has turned bearish and adjusted, showing a T-shaped line with a significant lower shadow after a bounce off the lower track, indicating strong support below. Currently, the price is running between the middle and lower tracks, without further signs of a downward probe. In the short term, it is expected to maintain a range of fluctuations. In terms of indicators, the KD indicator is expected to form a golden cross, the MACD fast line is turning upward from below the zero axis, and the momentum bars are decreasing, indicating potential for further upward movement. After stabilizing at the 2700 level, Ethereum's fluctuation range is gradually moving upward, with the current high-level horizontal consolidation expected to continue to break out with volume. The bullish outlook during midday remains.
Bitcoin's pullback to around 107000–107400 can be a good entry point for long positions, targeting the 109300 line. For Ethereum, consider buying in the 2690–2710 range, targeting 2780–2820. #BTC##ETH#